"Recovery Summer," Episode V – New Government Report Shows U.S. Economy Stalling Five Years into Recovery  Three long years ago this week, on August 2, 2010, former Treasury Secretary Timothy Geithner announced unambiguously in The New York Times, "Welcome to the Recovery."
That was during the second of
the Obama Administration's so-called "Recovery Summers." Now into our
fifth such summer, Americans still await an actual recovery. That
unfortunate reality was reinforced this week, when the U.S. Commerce
Department announced second-quarter gross domestic product (GDP) growth
of just 1.7%.
 Read more now. |
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Detroit's ObamaCare Bailout Could Bankrupt the Young and Healthy  With
the Obama administration gearing up to spend $700 million on an
advertising blitz to convince the young and healthy to sign-up for
insurance under ObamaCare, cash-strapped cities like Detroit are
emerging as the biggest obstacle.The reason: Tens of thousands of retired public employees are owed billions in lifetime health care coverage. Read more now. |
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Obama Gripped by Intellectual Exhaustion This
is what a president in the grips of intellectual exhaustion looks like.
Obama has already fired most of liberalism's big guns. He's turned
healthcare essentially into a public utility. He's raised taxes. He's
expanded regulation. He's tried a nearly trillion-dollar stimulus. He's
shoveled money out the door to alternative energy companies. None of it
has worked. And now all he's left with is liberal detritus. |
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Podcast: Lessons Learned the Hard Way in Detroit CFIF
Senior Vice President Timothy Lee discusses the liberal policy
decisions, which spanned multiple decades, that contributed to Detroit's
bankruptcy and compares them to the limited-government policies in
Houston, Texas, a city that is thriving. Listen to the interview now. |
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JESTER'S COURTROOM
Into the Deep End An Ohio couple is being sued by the local electric utility company because of the placement of their swimming pool. According to news sources, Ohio Edison Co. is suing Joseph and Marsha Bettura of Boardman, Ohio, claiming their in-ground swimming pool interferes with safe and reliable electricity delivery over the company's 69,000-volt overhead transmission lines.
Yet, the pool has been there for 21 years. "Why now?" Joseph Bettura asked.
Read more now. |
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QUOTE OF THE WEEK
Michael Tanner, Cato Institute Senior Fellow, On Finding the Courage to Defund ObamaCare: "[S]ometimes lawmakers really should stand for something more important than their own reelection. Obamacare is such a fundamental transformation of the American health-care system, and its consequences for patients, providers, taxpayers, and the economy are so grave, that if this is not an issue that Republicans are willing to lose their jobs over, what is? ...
"At
the very least, Republicans ought to try something. As Senator Lee told
Fox News, 'Maybe we can't repeal [Obamacare] right now, but we can
delay its funding. And if we can delay it, we can stop its consequences,
at least for now.'"
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FREEDOM LINE HIGHLIGHTS
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